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News Home CCI modifies DLF-buyer agreements Date : Jan 4, 2013 The Competition Commission of India has modified clauses in agreements between real estate firm DLF and apartment buyers in two of the company's projects in Gurgaon DLF Ltd. BSE 236.00 -2.60 (-1.09%) Vol:371176 shares traded NSE 236.00 -2.90 (-1.21%) Vol:2514535 shares traded Sahara moves Supreme Court for stay on direction to pay Date : Jan 3, 2013 NEW DELHI: Two Sahara companies on Wednesday moved the Supreme Court seeking stay on the direction to pay up around Rs 19,000 crore to Sebi, saying the Rs 5,120 crore they had deposited with themarket regulator was in excess of the amount needed to secure the investors. After the apex court had directed Sahara on August 31 to pay up within three months, the two companies —Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Investment Corporation ( SHICL) - had moved the Securities Appellate Tribunal and then the apex court again seeking to reduce their burden on the grounds that they had refunded to investors most of the outstanding money through prematu Buying a house: How to bag a good property deal in 2013 Date : Dec 31, 2012 The passing year witnessed insipid growth in theresidential property market, with buyers turning cautious and hoping for a price correction and lowerhome loan interest rates. The developers managed to hold on to the ticket prices of their projects, but were forced to offer discounts to generate sales. High inflation continued to play spoilsport as it prevented any substantial cut in home loan rates and left little investible surplus with buyers. On the policy front, the RBI asked banks to exclude stamp duty, registration and other documentation charges from the total value of the home for calculating the eligible loan amount. It also restricted banks from lending more than 80% for houses worth over Realty sector awaits policy initiatives to boost sales Date : Dec 29, 2012 PUNE: The city's real estate sector, despite a decent performance during 2012, is waiting for major policy initiatives that will help ease property prices and encourage customers to buy properties. Among major aspirations of the realty sector players are, cutting down the number of clearances a housing project has to obtain and a reduction in taxes which effectively have a bearing on the price a buyer pays for his dream home. An urgent issue is that of the stamp fee payable on real estate deals. The realtors complain that the state government has been jacking up this fee each year as it is based on the ready reckoner values which is declared at the beginning of the year. Also looming large is the spectre of Old government quarters to make way for new highrise apartments in Delhi Date : Dec 27, 2012 NEW DELHI: Thousands of rickety and stubby government buildings dotting a major arterial road cutting through the heart of New Delhi could soon make way to new highrise apartments and office blocks, in one of the biggest redevelopment exercises since Independence that will change the skyline of the national Capital. The government plans to redevelop housing colonies such as Kidwai Nagar, RK Puram, Sarojini Nagar, Netaji Nagar, Lodhi Road and Moti Bagh located on prime real estate along the Ring Road in south Delhi into new highrise residential and commercial districts, a top official said. Plans are afoot to build 10-12 storey residential blocks in place of the existing two-storey structures, f Equity may not deliver returns that real estate would offer Date : Dec 26, 2012 want to build a corpus of Rs.50 lakh to buy a property in the next 8-10 years. If I save Rs.22,000 per month, will I be able to reach the target? Which are the funds that I should invest in for maximum returns? I am a conservative investor and will be comfortable with low-risk funds. -Ravi If you save Rs.22,000 per month for 10 years, you will be able to accumulate Rs.26.40 lakh as principal value. At an earning rate of 10% per annum, you will be able to achieve a corpus of Rs.45.4 lakh. You will still be short by Rs.4.6 lakh and this is when the expected return is taken at 10%. As you carry a low risk profile, a 10% return may not be achievable. If you take 9% as the expected return, the total net worth becomes Real estate trusts may get govt nod to invest in rental property Date : Dec 25, 2012 The government is working on a proposal to allow Real Estate Investment Trusts (REITs) to participate in the country’s rental housing market. According to an Economic Times report Housing and Urban Poverty Alleviation Minister Ajay Maken has confirmed that his ministry is framing a policy paper on REITs and it will be take up with the finance ministry soon. “We feel a lot of foreign money can come through these REITs to invest in rental housing. It will also help in creation of space in the country,” the minister said to ET. Official estimates peg the shortage of homes in urban areas at over 18.78 million. To meet this requirement, the government would have to spend over 10 lakh crore, assuming an Date : Dec 22, 2012 BANGALORE: The year-end is around the corner. It has been a year of high inflation that led to a tight monetary policy . Despite the demand for some easing in the monetary policy, the Reserve Bank of India (RBI) could not bring down the key policy rates, given the upward pressures on inflation . The indications of the inflation rate cooling down towards the end of the year and the moderating growth rate, however , resulted in the central bank infusing more liquidity into the banking system with a cut in the cash reserve ratio ( CRR). While this move cheered the markets and home loaninterest rates witnessed the beginning of a downward trend, the more heartening news of deeper c New Delhi moves up from 9th to 5th position in the list of world’s most expensive office markets Date : Dec 21, 2012 India continued to feature in the list of World’s most expensive office markets, with New Delhi (Connaught Place – CBD) moving up from 9th position to 5th position (with an overall occupancy cost of US$ 183.30)according to CBRE Global Research and Consulting’s semi-annual Prime Office Occupancy Costs survey. Mumbai on the other hand continues to drop further. The current report lists the city’s CBD – Nariman Point at 25th position. In July Mumbai was at 20th position. The latest survey provides data on office rents and occupancy costs as of September 30, 2012. Commenting on the development Anshuman Magazine, Chairman and Managing Director, CBRE South Asia Pvt. Limited, said, “In Mumbai's residential market steady in Q3 FY '12: Knight Frank Date : Dec 21, 2012 Knight Frank launched the Asia Pacific Residential Review 2012 as a complement to their Prime Global Forecast report. The review carries out in-depth surveys in respect to an additional six Asian prime city markets, to provide a comprehensive picture of the regional outlook for prime markets in 2013. Of all the markets monitored, taking into account past year performance, supply and demand dynamics and potential risks, Knight Frank forecasts that 2013 will look fairly similar to 2012. The forecast is a modest price growth across most markets, with a couple of significant exceptions. Vibrant Gujarat 2013 Jan 11-13 Date : Dec 20, 2012 100 Countries Participating. How Global Do You Want Your Company To Be? Few other platforms in the world can boast of a single premise that facilitates buyer-seller meets, international conferences, networking opportunities, technology assessment, strategic partnership and vendor development, besides others. The 2013 Vibrant Gujarat Global Trade Show has been strategically planned to incorporate all key focus sectors within the exhibition area, thus exposing every exhibitors to intersectoral business opportunities. CELEBRATION BEGINS DECEMBER 2012 Date : Sep 20, 2012 Hold your breath for the next level of entertainment and shopping experience. Jalsa Jaipur Mall is a world class entertainment precinct with international retailers, a variety of cuisine and entertainment like nowhere else. The mall will be home to a unique snow world, underwater walk, kids and fun zone and handpicked food and beverage outlets. Jalsa Jaipur offers you an unbelievable opportunity to own a shop at the most exciting mall of Jaipur at the most exciting location in Jaipur at Rs. 11.90 lakhs only. This is a limited period offer, so you need to get in touch immediately to make your booking. Jalsa Mall promises excellent return on investment, both of retailers as well as investors, as it will capture the high |
  
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